【RCI3 main line + BODSOR】AUDNZD 4-hour timeframe pullback buy signal 20181028

※BODSOR is an indicator developed to improve the entry accuracy when buying on dips or selling on rallies using three RCI lines.
to enhance the entry precision when buying on dips or selling on rallies using three RCIs.



RCI 3-lineandBODSORusage examples

One of the features of the RCI 3-line (RCI9, RCI26, RCI52) is

“When all three RCIs point in the same direction, the price movement in that direction tends to be large.”

was noted.

If RCI26 and RCI52 are rising (or falling) and RCI9 is falling (or rising),
when RCI9 reverses“the three RCIs align and move in the same direction”becomes the case.

Therefore, detecting when RCI9 will reverse is extremely important.

(Case by case, but simply waiting for a confirmed reversal of RCI9 often results in a significant delay.)


Hence, to detect as early as possible the timing when the rising (falling) momentum of RCI9 weakens, BODSOR was developed.



The figure below is the AUDNZD 4-hour chart.


AUDNZD 4-hour chart

Upper: BODSOR
Lower: RCI 3-lines (Red: RCI9, Light blue: RCI26, Yellow: RCI52)


Buy-the-dip signal (pink arrows circled)

Of the three RCI lines, only RCI9 is clearly decreasing.
If RCI9 reverses and rises, all three RCI lines may rise together.
In other words, price may rise strongly.

In such a situation,BODSOR’s buy-the-dip signal (pink arrows) lights up.

Immediately after the signal, three consecutive bullish candles are formed.


Indicator displaying buy-the-dip and sell-the-rally signals【BODSOR】


Twitter
https://twitter.com/RCIX3Line

Blog
http://bodsor.blog.fc2.com/

Investment Navigator+
https://fx-on.com/navi/serial/?id=359

YouTube
https://www.youtube.com/channel/UCL-g5uAlesiWVJEDtWlFvGw


Examples of Buy-the-Dit / Sell-the-Rally signals on USD/JPY 1-hour chart



※Some charts in this article may have added circles, lines, or squares for explanatory convenience.
Please understand.